Incorporating multifunctionality into nanotechnology can lead to significant advancements in several fields. For example, in the medical field, a single nanodevice can be designed to diagnose, deliver drugs, and monitor the treatment's effectiveness. This reduces the need for multiple devices and procedures, thereby decreasing cost and patient discomfort. Similarly, in the field of environmental science, multifunctional nanomaterials can simultaneously detect pollutants and neutralize them.